- Munchables, a game on Ethereum layer 2 Blast, was hacked for $62M worth of funds
- Details of the exploit show a hacker interacting with Munchables at 9:26 AM UTC on March 26th and extracting 17,413 ETH
- Munchables is a GameFi app for collecting and trading NFT creatures with staking rewards, highlighting risks with new layer 2 protocols
Munchables, an NFT game built on Ethereum layer 2 network Blast, has suffered a major exploit resulting in $62 million worth of funds being drained from the protocol.
Details of the Exploit
The official Twitter account for Munchables announced on March 26th that its protocol had been compromised. Blockchain analyst ZachXBT identified the alleged hacker’s wallet, which currently holds 6,245 ETH taken from Munchables.
The hacker’s wallet address shows it interacting with the Munchables protocol at 9:26 AM UTC on March 26th, extracting a total of 17,413 ETH. The hacker then transferred 10,700 ETH through the Orbiter Bridge back into native ETH. At 10:05 PM UTC, the wallet sent an additional 1 ETH to a fresh address.
About Munchables
Munchables is a GameFi app built on the Ethereum layer 2 Blast, allowing players to collect, trade and socialize with their NFT creatures. The protocol also allowed staking rewards for users.
The investigation into this hack is still ongoing. This demonstrates the risks associated with new and experimental layer 2 protocols, which can still contain vulnerabilities open to exploitation.
